As long as you own a business, it is important to bear in mind that you are at risk of a lawsuit. As such, it is best to be prepared should this happen. Most business owners will argue that they have enough general insurance coverage. …
The Importance of Boat Insurance
Owning and maintaining a boat can be quite expensive regardless of what state you live in. While boating is a common recreational activity for many Americans, some boat owners do not fully understand the importance of boat insurance. Well, we do not blame them. Getting …
What Does Disability Insurance Actually Do?
There are so many types of insurance coverage and the disability insurance coverage is one of them. However, it is among the least used coverages. Most people do not know what it is all about and for this reason, most do not bother to take …
What is Personal Umbrella Insurance?
You certainly know the importance of insurance. They help you protect your assets and property. For most people, a home owner’s insurance, as well as an auto insurance, is a priority for their homes and vehicles respectively. When it comes to insurance, you can always …
How Does Life Insurance Work?
Life insurance is a type of insurance that pays a certain amount of money to the beneficiaries of a person the insurance covers following their demise. Alternatively, this payment could be made after the set contractual period is done. This policy works to ensure that …
Common Types of Insurance
Unless you live under a rock, you most probably know what insurance is. If not, it is a form of risk management that issued to act as a means of protection from unforeseen events that may cause financial loss. The most commonly bought insurance packages …
Why Variable Annuities Should be in Your Retirement Plan
Just as is the case with any annuity, a variable annuity is a contract between you and the insurance company. Variable annuities are tax-deferred contracts that allow you to make a choice between some investments. After retirement, the insurance company pays you out some income …
Worker’s Compensation: Is it Important?
Most people have a home insurance, life insurance, auto insurance or any other type of insurance coverage. The worker’s compensation coverage, however, is one of the most underestimated insurance packages available. Although it is a requirement for employers to provide a worker’s compensation policy to …
What Exactly is a Surety Bond?
Surety bonds can be quite confusing to understand. In simple terms, they are contractual agreements between three parties; the principal, the surety and the obligee. In this contract, the surety makes a commitment to pay the obligee a specified amount of money to the obligee …
Landlord Package Insurance vs. Rental Property Insurance
LANDLORD INSURANCE The main problems that face landlord insurance are the occurrence of accidental damages, liabilities from misuse of the property by the tenants and structural damages to the building. Despite all these problems landlords insurance also has its benefits which include; Investment protection Being …